Seoul adopts high alert after AI tools utilised in major banking hack
SOUTH Korean President Lee Jae Myung has directed security agencies to urgently overhaul national cyber defences after sophisticated artificial intelligence models were implicated in a series of major cyberattacks on the country's leading commerc...
South Korea has heightened its security alert following the use of artificial intelligence (AI) in a major cyberattack on leading commercial banks. President Lee Jae Myung has ordered security agencies to expedite the overhaul of national cyber defenses in response to the sophisticated AI models implicated in the breaches.
The police and financial regulators are conducting a comprehensive investigation into the series of cyber breaches that compromised private customer data of major banks. These incidents have raised significant public concern and anxiety about the potential misuse of AI in cyber attacks.
During a cabinet meeting, President Lee stressed the urgent need for modernized defensive measures to combat emerging AI-driven threats. Signs of AI being utilized in some hacking incidents have emerged, prompting this heightened state of alert.
The Financial Services Commission revealed that top banks such as Shinhan Bank, KB Kookmin Bank, Hana Bank, and Woori Bank fell victim to unauthorized system intrusions. However, the exact nature of the AI tools employed and the total extent of the compromised data remain undisclosed by financial authorities.
In response to the breaches, Financial Services Commission Chairman Lee Eog-weon convened an emergency assembly with regulatory bodies and financial executives. He emphasized the need for the sector to operate under maximum vigilance, following the South Korean breach and recent international reports of AI-assisted cyber intrusions.
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